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LG to introduce swipe-and-pay system for mobiles in UK

Posted in LG by Conner Flynn on February 6th, 2011

Come 2012, phones from LG Electronics will be adding more than their usual capabilities with the introduction of near-field communication chips that will handle swipe-and-pay transactions. The technology will allow shoppers to swipe their hand-held device over an electronic reader at the check-out to directly pay for goods and services from their bank account.

Customers will just need to move their phones over the receiving station. One report by Frost & Sullivan says that we could be seeing as many as 860 million NFC mobile phones by 2015.

[New Launches]

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